- calendar_month May 2, 2024
- folder Absorption Rate
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2024, Absorption Rate, Anaheim, Bruce Real Estate, Buena Park, Cypress, data analytics, Huntington Beach, Huntington Beach 92646, Janie Bruce real estate insights, Long Beach, Long Beach 90808, Long Beach 90815, Los Alamitos, Rossmoor, Rossmoor / Los Alamitos, Seal Beach, Seal Beach 90740
Below are April single-family home sale statistics. The areas covered include Rossmoor, Los Alamitos, Seal Beach, Huntington Beach, Anaheim, Buena Park, Cypress and Long Beach. The month of April has brought some interesting changes in the housing sales activity. Despite the spring season typically is a time of increased home-buying activity, inventory remains low in most cases and the Feds announcement of unchanged interest rates. As a result, sales have been half of what they were last year at this time. However, prices in most cases have gone up, indicating a strong seller's market. This trend may be driven by the increasing number of people moving to the region, attracted by its natural beauty and relatively affordable prices compared to more urban areas of California.
In addition, the "New Californians Dream For All" program is expected to increase buyer demand in the near future. This initiative aims to make it easier for first-time buyers or those who have not owned a home in 3 years to become homeowners. This program is a downpayment assistant program providing up to 20% for the downpayment. First Time Buyer Program with the combination of low inventory and increasing demand, now may be a good time for sellers to get their homes on the market. However, buyers should also be prepared to act quickly and potentially pay higher prices than they might have in the past.
Overall, Los Alamitos, Rossmoor, Seal Beach, Anaheim, Buena Park, Cypress, Huntington Beach,and Long Beach is experiencing an interesting mix of market conditions, with low inventory and rising prices. The upcoming "New Californians Dream For All" program is expected to further drive demand and increase prices. It remains to be seen how these trends will develop over time, but it's an excellent time for sellers to consider listing their homes.
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Top reasons people move include:
Here's something to think about: if you've been in your home longer than 10 years, chances are you are putting off addressing one, if not several, of the reasons people move. If so, ask yourself why. Are you struggling with questions like "where will I go next?" or "can I afford the move?" If so, keep in mind that It's often financially beneficial to sell your house and move. One of the biggest benefits of home ownership is the equity that your home builds over time. Your equity plus today's low interest rates can fuel a major upgrade when you sell your home and purchase a new one. Many homeowners I've worked with are surprised to find that if they use the proceeds from the sale as a major down payment their monthly note on a much bigger home is similar to the cramped home they are living in now. Why? Because even if you buy at a price point much higher than you did for your starter home the chances are that you have a much bigger down payment this time around and therefore do not have to borrow as much from the bank so your payments remain reasonable.
If you're looking to downsize, you might even be able to buy your next property with cash and avoid a mortgage payment altogether. This is especially true if you are selling in California and buying out of state. Call me if you have any questions or need any information to find out what your property is worth. I would be thrilled to meet with you. Lets get together to talk about your options. I am just a call or text away. 714-310-4982 As a Bonus Included a link to my website for Professional Resources I Trust. If you know someone who is a 'Rock Star' and would like to be included on my 'I Trust Them' page, please provide their information and I will contact them. Also, I added some new blogs, there is something for everyone. https://janie.jhagents.com/vendors I am always available to help you and our community. Reach out to me at 714-310-4982
"Plan for what is difficult when it's easy, do what is great while it's small. The most difficult things in the world are done when they are easy, the greatest things in the world are done when they are still small". - Sun Tzu |
